Gold futures fall under $415 in afternoon trade

SAN FRANCISCO (CBS.MW) -- December gold is down $8.70 at $414.70 an ounce in New York, pulled lower by strength in the U.S. dollar. Negative economic data from Europe is providing a lift to the dollar, "which is causing an excuse for traders to lock-in some profits," said Amaury Conti, equity trader at Austin Calvert-Flavin, an investment adviser in San Antonio, Texas. December silver is down 3.3 percent at $7.015 an ounce and December copper is down 1.2 percent at $1.444 a pound.

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